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FINRA Claim Filed Against Lincoln Financial Advisors Corp. for Investment Losses
The White Law Group announces the filing of a second FINRA arbitration claim against Lincoln Financial Advisors Corp. Involving high-risk, alternative investments.
By: White Law Group
The claim further alleges that Lincoln Financial Advisors Corp. unsuitably invested its clients in Atlas Growth Partners LP, CNL Healthcare Properties, and KBS Growth & Income REIT.
The claim seeks damages between $100,000.01 and $500,000.
Broker-dealers have a fiduciary duty to adequately disclose the risks involved in an investment before recommending it, and must perform the necessary due diligence to determine whether the investment is suitable for the investor. It is alleged that Lincoln Financial Advisors Corp. failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors.
FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional. It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court.
"We believe there are many more investors who have suffered losses in non-traded REITs and oil and gas limited partnerships who don't realize they have recourse, or may be unaware of any wrongdoing,"
"Brokerage firms are required to supervise their advisors to make sure that they are complying with FINRA rules. If it can be determined that the financial advisor's employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim."
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington.
For more information on the claim filed by The White Law Group, please contact the firm at 1-888-637-5510.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com (http://www.whitesecuritieslaw.com/